Tencent Music Entertainment Group ADR [NYSE: TME] gained 1.25% or 0.25 points to close at $20.29 with a heavy trading volume of 9193370 shares.
It opened the trading session at $20.25, the shares rose to $20.85 and dropped to $20.2, the range by which the price of stock traded the whole day. The daily chart for TME points out that the company has recorded 79.24% gains over the past six months.
If we look at the average trading volume of 7.13M shares, TME reached to a volume of 9193370 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Tencent Music Entertainment Group ADR [TME]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TME shares is $19.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TME stock is a recommendation set at 1.43. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for Tencent Music Entertainment Group ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 26, 2025. The new note on the price target was released on January 21, 2025, representing the official price target for Tencent Music Entertainment Group ADR stock. Previously, the target price had yet another raise to $16, while Barclays analysts kept a Overweight rating on TME stock.
The Price to Book ratio for the last quarter was 2.75, with the Price to Cash per share for the same quarter was set at 5.26.
Trading performance analysis for TME stock
Tencent Music Entertainment Group ADR [TME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.10. With this latest performance, TME shares gained by 14.12% in over the last four-week period, additionally plugging by 79.24% over the last 6 months – not to mention a rise of 78.77% in the past year of trading.
Tencent Music Entertainment Group ADR [TME]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Tencent Music Entertainment Group ADR [TME] shares currently have an operating margin of 26.95% and a Gross Margin at 43.10%. Tencent Music Entertainment Group ADR’s Net Margin is presently recorded at 32.75%.
Return on Equity for this stock inclined to 10.74%, with Return on Assets sitting at 10.74%.
Tencent Music Entertainment Group ADR [TME]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TME. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tencent Music Entertainment Group ADR go to 20.20%.
An analysis of Institutional ownership at Tencent Music Entertainment Group ADR [TME]
There are presently around $76.76%, or 76.76% of TME stock, in the hands of institutional investors. The top three institutional holders of TME stocks are: BLACKROCK INC. with ownership of 31.29 million shares, which is approximately 2.0266%. INVESCO LTD., holding 26.56 million shares of the stock with an approximate value of $$373.16 million in TME stocks shares; and INVESCO LTD., currently with $$353.0 million in TME stock with ownership which is approximately 1.6275%.
